Storagevault Canada (TSE:SVI) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
StorageVault Canada Inc. is expanding its footprint in the self-storage market with the acquisition of two new locations for $59.5 million, financed through cash, share issuance, and a vendor takeback mortgage, with deals expected to close by the end of June. The company has also finalized the purchase of a Barrie, ON asset, and terminated another acquisition due to unsatisfactory due diligence results. These moves bring StorageVault’s total owned and managed stores to 249 across Canada.
For further insights into TSE:SVI stock, check out TipRanks’ Stock Analysis page.
